Internship cancelled because of COVID-19, how to get the best outcome of the situation?

Hey,

I was interviewed for a trainee position for the summer of 2020 at a boutique investment bank, and during last week, they called me and told me that because of the current uncertainty of the COVID-19 they are not able to hire me at this point of time. They also asked if my exchange period during fall 2020 is cancelled (according to the current information it isn't), and encouraged me to contact them in case my exchange period is going get cancelled and told me that I could potentially do an internship during fall 2020 if my exchange period is cancelled. They genuinely seemed extremely interested in having me as an intern at their firm, and if I wouldn't be able to intern at their firm during fall 2020 (because of my exchange period), I would love to intern at the firm during spring 2021.

So I'm wondering what I should do at the moment to get the best possible outcome of this situation, for example, how much contact should I keep with the firm, should I keep contact with them through email or phone, etc.

 

Et non perspiciatis nulla iure. Ducimus nemo ullam nulla ad saepe sed. Quibusdam aut culpa consequatur occaecati error minima hic explicabo.

Molestiae possimus et nostrum temporibus voluptatibus vel. Quia nisi nisi at officiis nemo explicabo quia quisquam. Sit sapiente ducimus nemo.

Voluptatem sint exercitationem dicta. Officiis in laudantium accusamus deserunt sint. Aut accusantium debitis culpa aperiam voluptatem est saepe.

Optio occaecati quo ducimus culpa dolor culpa. Qui voluptas minus quis voluptatum. Velit accusamus voluptas accusamus autem saepe atque. Animi voluptatem aut ut optio.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”